I should close my EURUSD position and take a hefty percentage loss.
However, it would really chap my $ss to see the market reverse and spank me again while I'm sitting on the sidelines. The lesson is that I need to let go of the position, work harder to not get "caught" on the wrong side of a movement, and simply not fret over any such losses.
Time to accept a 40% loss and move on.
If at all possible, try to learn from my experience, before you are forced to learn it with your own money.
Okay, I just closed out all my open positions, got over it, and opened up a single contract on the other side. Let's see if the market has gotten tired of spanking me yet.
By the way, a lesson within a lesson, writing about my situation and what I know I should do about it, made it easier to do so. Oh no, this might mean I have to reveal every screwup I make in an effort to get better at this. Talk about humbling.
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